NexPoint Diversified Real Estate Trust Announces Preferred Stock Dividend

DALLAS ,  Sept. 23, 2022 — NexPoint Diversified Real Estate Trust ( NYSE:  NXDT ) (“NXDT” or the “Company”) today announced a dividend for its 5.50% Series A Cumulative Preferred Shares ( NYSE:  NXDT  PR A) (“Preferred Shares”) of  $0.34375   per share. The dividend will be payable on  September 30, 2022 , to Preferred shareholders of record at the close of business  September 23, 2022 .

The Company previously  announced the pricing of the Preferred Shares offering on  January 8, 2021  under the Company’s prior name, NexPoint Strategic Opportunities Fund or NHF . The Preferred Shares were issued on  January 8, 2021  (the “Issuance Date”) and commenced trading on  January 8, 2021 . The initial dividend accumulated from the Issuance Date.

Egan-Jones Ratings Company assigned an investment grade corporate rating of BBB- to the Series A Preferred Shares. Dividends and distributions on the Series A Preferred Shares are cumulative from their original issue date at the annual rate of 5.50% of the  $25.00  per share liquidation preference.

NexPoint Diversified Real Estate Trust is an externally advised, publicly traded, diversified real estate investment trust (REIT) focused on the acquisition, development, and management of opportunistic and value-add investments throughout  the United States  across multiple sectors where NexPoint and its affiliates have operational expertise. NXDT is externally advised by NexPoint Real Estate Advisors X, L.P. For more information, please visit nxdt.nexpoint.com.

Jackie Graham
Director, Investor Relations
jgraham@nexpoint.com

Lucy Bannon
Chief Communications Officer
lbannon@nexpoint.com

SOURCE NexPoint Diversified Real Estate Trust